ICRA upgrades credit rating of Wheels India

02/12/2016 14:10

Auto component manufacturer Wheels India Ltd on Friday said that the credit rating agency, ICRA, has upgraded the rating on short term borrowings to ‘[ICRA]A1+’ from ‘[ICRA]A1’.

In a filing to the Bombay Stock Exchange, the company said, “The credit rating agency ICRA, has upgraded the rating on short term borrowings to ‘[ICRA]A1+’ from ‘[ICRA]A1’.”

Meanwhile, shares of the company were trading at Rs 1,170.10 apiece, down 1.29 per cent, from previous close on BSE at 14:11 hours.

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